Wall Street has adopted an abortion travel fund policy for employees working in states that impose restrictions on or following the Supreme Court’s declaration of constitutional neutrality on the matter.
JP Morgan Chase, Goldman Sachs and Bank of America said in memos sent to employees that employees in states that restrict abortion will pay for abortion-related travel expenses. Citigroup announced a similar policy in March.
CNBC reports that JP Morgan’s note is Politico’s Roe v. wade.
The bank has made clear on its Q&A web page on the June 1 memorandum whether the procedure covers travel abroad as well as abortion for the procedure.
“Would you pay an employee to travel to another state to have an abortion if the state wouldn’t allow it?” said the bank.
“Yes. Our health plans have a history of providing travel benefits for certain covered services that require travel,” he said. “From July, we will expand this benefit to include all covered services you can only receive from your home, including legal abortion.
Citigroup reportedly plans to fund staff travel for abortions.
“While we are still evaluating the impact of the Supreme Court decision and understand that some states may enact new reproductive rights laws, we will continue to provide benefits that support the choices of our family planning colleagues wherever the law allows. Citigroup’s Sarah Wächter said in a note to employees Friday, Bloomberg reported.
Bloomberg reported in Goldman’s note that “it will expand its medical travel payment policy to include all medical procedures, treatments, and evaluations, including abortion services and gender-based care, when a provider is not available near where our people live.” “
Bank of America has also told its employees that it will expand the list of eligible methods for travel funding to include abortion.
Citigroup, Goldman and JP Morgan are based in New York, a state that is unlikely to impose new restrictions on abortion. However, all three have employees in many states of America. Bank of America is headquartered in North Carolina and also has employees in the United States.
Source: Breitbart
